Wednesday, June 9, 2010

Palm Settles Shareholder Suit, AT&T Giving Away Pixi Plus

Palm said today that is has settled at least one shareholder lawsuit regarding the planned acquisition by HP. The shareholders who filed the suit felt Palm's management should have held out for a higher sale price. Terms of the settlement were not disclosed. One other lawsuit is pending, though Palm will be holding a shareholder meeting June 25 to give shareholders a chance to vote on the sale. In other Palm news, AT&T has dropped the price of the Palm Pixi Plus from $50 to $0 mere days after the device went on sale. A new contract is still required.

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